RE: More Rugs than Wayfair.com

I think of most of them as "pseudo rugs" because there generally wasn't ill intent involved, just excessively wishful thinking. And any "blame" for that — at least from where I am sitting — can be tracked to the insane crypto run-up of late 2017 where a precedent was set that we should expect to get staggeringly high returns on our investment... and quickly.

The only L2 projects on Hive that last for a while seem to be the ones that focus on "get rich SLOWLY," like the @spinvest group (now in its 7th year) and Hive SBI aka @steembasicincome which offers small boosts in the extreme long term and no grand promises.

These days, I'm cautiously keeping an eye on Magi... we'll see if it gets legs; even if it doesn't get DHF funding.

Credit cards are insane. We have a couple because of things like needing to rent a car, hotel reservations and such. Occasionally carry a balance for a few months and pay it off because evidently "you have to" in order to keep your credit score up. It's all nuts. Credit car interest was 24.9% when interest rates were 10%; now interest rates are 2-3% while credit cards are 36.9%. I even got an offer for an "unsecured personal loan" a while back and after tallying all the fees/costs it worked out at about 107% APR! It's usary.